xrp
Not a mineable currency: All XRP coins were created in advance, unlike Bitcoin and Ethereum which are mined.
Fast and cheap: Transactions take 3-5 seconds and cost less than a cent, making it ideal for international transfers.
Different consensus system: It uses a relatively centralized protocol called "Unique Node List (UNL)" instead of mining.
Focus on payments: It is designed to be a tool for transferring money between banks, unlike Bitcoin (digital gold) or Ethereum (application platform).
Under legal scrutiny: XRP is subject to significant scrutiny from regulatory bodies, especially the U.S. SEC, due to controversy over whether it is a security.
Outcome: XRP is fundamentally different from other currencies in structure, use, and verification mechanism, and focuses on improving the global financial system.
CoinMarketCap
